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118 NW 24TH ST
MIAMI, FL 33127-4458
Asking Price
Contact for price
Asset Type
Apartment Building Retail
Class
Class B
What's Special
Prime Wynwood Investment | Income-Producing Asset with Redevelopment Upside <p><strong>Prime Wynwood Location</strong> – Situated in the urban core of one of Miami’s fastest-growing and most desirable neighborhoods.</p><p><strong>Income-Producing Asset</strong> – Eight residential units generating stable, in-place cash flow from day one.</p><p><strong>Covered Land Play</strong> – Strong existing income provides downside protection while planning for future redevelopment.</p><p><strong>Flexible T5-O Zoning</strong> – Allows for a wide range of uses, including residential
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547